BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same
Rextag
MARCH 3, 2025
The broader energy industry has struggled with high costs, supply chain disruptions, and regulatory uncertainty in renewable energy projects. New oil fields and deepwater drilling initiatives will contribute to increased production. market, prompting a strategic retreat from the sector.
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